Global cues lift equity indices to new highs

Mumbai, July 10 (IANS) Positive global cues and healthy buying in banking, IT and capital goods stocks pushed the Indian equity markets to fresh highs during the mid-afternoon trade session on Monday.

Around 1.40 p.m., the wider Nifty of the National Stock Exchange (NSE) traded at 9,742.85 points — higher by 77.05 points, or 0.80 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,510.62 points, traded at 31,640.67 points — up 280.04 points, or 0.89 per cent, from its previous close at 31,360.63 points.

The Sensex has so far touched a high of — 31,644.72 points — a new record and a low of 31,471.41 points during the intra-day trade.

The BSE market breadth was bullish — with 1,540 advances and 950 declines.

“Equity benchmarks started-off on a strong note with both equity benchmark indices hitting record highs. Global cues and buying support aided in the markets’ rise,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.

“However, some technical glitch impacted trade on the NSE. The glitch has since been fixed and full-fledged trading has resumed on the NSE.”